Funding you earn now, next payment 07:00 UTC−0.0037%/8h= −4.1% APRpaid last 24h −0.077%
Price spread now: BloFin against Extended+0.081%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$320.320% of the position
Funding, last 7 days−0.334%−$33 on $10k
+Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.081%, 7d avg −0.042%
=Together, before fees−0.492%+ Points / potential airdropExtended: Active · farm board−$49 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.123% dearer against Extended than usual: you sell high and buy low (spread +0.081% now, against its 7-day average of −0.042%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.334% in total) that is about 2.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XCU-USD | 6.8055 | 0.0032 | pay 0.0004% / 1h | 32m 23s | $275K | $2.3M | 20x |
| Short | BloFin COPPER-USDT | 6.8110 | −0.0005 | pay 0.0003% / 4h | 1h 32m | $88K | $138K | 100x |
Extended XCU-USD
BloFin COPPER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$7.83
- Price spread: +0.081% → −0.042%
- $12.35
- Slippage, 4 orders
- −$15.03
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$27.5
- Costs to cover
- 0.320%
- Break-even
- never at this rate
Slippage from Extended: live order book, 1 min ago; BloFin: live order book, 40 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Extended live order book, 1 min ago | 1.98 bp | 8.1 bp −$8 | 62.7 bp −$627 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 40 min ago | 1.47 bp | 7.5 bp −$7 | 11.2 bp −$112 | 35.0 bp −$3,496 | doesn't fit |
COPPER on 28 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:COPPER | −0.0006% | 1h | 6.8025 | −0.044% | $10.6M | $5.0M | 20x | as long as short |
| BloFin COPPER-USDTshort | −0.0005% | 4h | 6.8110 | +0.081% | $88K | $138K | 100x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.8078 | +0.035% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8081 | +0.039% | $9.0M | $33.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8032 | −0.033% | $493K | $981K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7950 | −0.154% | $1.3M | $523K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8070 | +0.022% | $26.2M | $4.9M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8070 | +0.022% | $2.9M | $2.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8073 | +0.027% | $734K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8090 | +0.052% | $94K | $2.3M | 25x | as long as short |
tradeXYZ xyz:COPPER
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX COPPER-USDT | 0.0000% | 4h | 6.8100 | +0.066% | — | $6.4M | 20x | as long as short |
| HTX COPPER-USDT | 0.0000% | 4h | 6.8100 | +0.066% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8090 | +0.052% | $4.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8036 | −0.028% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0003% | 1h | 6.8070 | +0.022% | $1.5M | $130K | 20x | as long as short |
| edgeX COPPERUSDC | +0.0014% | 4h | 6.8060 | +0.007% | $94K | $319K | 20x | as long as short |
| Extended XCU-USDlong | +0.0032% | 1h | 6.8055 | long leg | $275K | $2.3M | 20x | |
| Vest HG-PERP | +0.0046% | 1h | 6.8044 | −0.016% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8060 | +0.008% | $45K | $22K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8072 | +0.026% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8044 | −0.016% | $4K | $5K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8044 | −0.016% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0072% | 1h | 6.8182 | +0.187% | $477K | $42K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8060 | +0.007% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8080 | +0.037% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8130 | +0.111% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8064 | +0.014% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0108% | 1h | 6.8065 | +0.015% | $34K | $176K | 20x | as long as short |
SunX COPPER-USDT
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
Vest HG-PERP
Phoenix COPPER
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD